Exclusive: Leicester to land devastating points deduction after apparent escape

Leicester City are still likely to receive a points deduction this season despite escaping without any punishment for their 2022-23 financial breach, sources have told Football Insider.

Leicester were charged in March with a breach of the Premier League’s profit and sustainability rules (PSR) for 2022-23 after reporting losses of £89.7million for that year alone, with top-flight sides only permitted to lose £105million over a rolling three-year period.

But they argued they were no longer a Premier League club when they submitted their accounts on 30 June last year following their relegation to the Championship.

An independent commission dismissed those claims in July and ruled they could be charged by the Premier League.

But Leicester confirmed in a statement on 3 September their appeal against that ruling has been successful, meaning they will not face a points deduction for their 2022-23 breach.

In its ruling, the independent panel said the PSR rules “are, in relevant parts, far from well drafted”, while the Premier League admitted it was “surprised and disappointed” by the decision.

Leicester to land points deduction despite early-summer departures

Leicester could, however, still face a points deduction this season after they were once again close to breaching for 2023-24.

Sources have told Football Insider the club appear to have been “well short” of falling below the spending limit despite raking in around £40million following the early-summer departures of Kiernan Dewsbury-Hall and Enzo Maresca to Chelsea.

Although Leicester were a Championship club last season, they were a Premier League side when they submitted their accounts at the end of June and can be charged by the governing body if they are found to have breached the rules again.

A points deduction is the expected punishment for any potential breach after Everton and Nottingham Forest were both docked points last season.

Losing any points would mark a major blow to Steve Cooper’s hopes of keeping Leicester in the Premier League this season after picking up just one point from his opening three games in charge at the King Power Stadium.

In other news, expert stunned by £70m+ Leicester twist.

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